Top Midday Stock Movers: HAL, WBD, ORCL – Significant Shifts in the Market

Occidental Petroleum, Halliburton, EOG Resources — Shares of oil and gas companies were higher Tuesday after Saudi Arabia extended its voluntary crude oil production cut. Occidental Petroleum gained about 2.5%, Halliburton added 2.7%, and EOG Resources rose 1.8%. This cut, along with other output declines by OPEC members, contribute to the increase in oil prices until the end of 2024.

Oracle — The software stock climbed 2.5% due to an overweight rating upgrade by Barclays, which expects the company’s cloud business to benefit from artificial intelligence.

Airbnb — Shares rose 7.2% after the announcement that it would be added to the S&P 500. This inclusion in the widely tracked index could lead to buying pressure from large index funds in the upcoming weeks.

Blackstone — Shares of the asset management company gained 3.6% as it is set to join the S&P 500 in a quarterly rebalance for S&P Indices.

Warner Bros. Discovery — The media stock added 0.7% during Tuesday’s trading session despite an expectation of a hit to its earnings due to the writers and actors strikes. Warner Bros. remains confident in hitting its net leverage target for the year.

NextGen Healthcare — Shares of the health-care company surged 6.3% following reports of potential acquisition talks with Thoma Bravo.

Brady— The manufacturing stock gained 11.4% after reporting better-than-expected profit per share for its fiscal fourth quarter.

PulteGroup, Lennar — Homebuilder stocks took a break after a strong year, with PulteGroup and Lennar falling 5.7% and 4.9% respectively during the trading session.

— CNBC’s Brian Evans, Alex Harring, and Hakyung Kim contributed reporting.